As of Sep 25, 2026: fair value of MSGYO TRY 6.69, price TRY 4.90, upside +36.5%, quality 35 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Mistral Gayrimenkul Yatirim Ortakligi A.S. invests primarily in real estate-based capital market instruments, projects, and real estate-based rights. The company was formerly known as Mistral Yapi Gayrimenkul Sanayi ve Ticaret A.S. and changed its name to Mistral Gayrimenkul Yatirim Ortakligi A.S. in March 2016.
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Mistral Gayrimenkul Yatirim Ortakligi A.S. invests primarily in real estate-based capital market instruments, projects, and real estate-based rights. The company was formerly known as Mistral Yapi Gayrimenkul Sanayi ve Ticaret A.S. and changed its name to Mistral Gayrimenkul Yatirim Ortakligi A.S. in March 2016. The company was founded in 2012 and is headquartered in Izmir, Turkey.
Stock analysis
MSGYO (MSGYO) currently trades at 4.90 TRY, while our model-based Fair Value estimate is 6.69 TRY, implying the stock looks roughly 26.8% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 13.44 TRY per share, and 5 of the 7 models we run sit above the 4.90 TRY price.
Bear case: the Economic Profit group reads lowest at 7.66 TRY, and 2 of the 7 models stay below the price. Evidence for this calculation is low.
Quality & growth
The Quality Score stands at 35/100 (below-average quality), in the Real Estate sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
MSGYO reported revenue of 1.1B TRY in FY2025 versus 40.0M TRY in FY2021, a compound +129.4%/yr. Reported net income was 62.6M TRY in FY2025, compounding −26.6%/yr from FY2021.
Key figures
Market cap 2.2B TRY (≈ $46.0M) · P/E ratio 98.0 · P/S ratio 5.55 · EPS (TTM) 0.0500 TRY · Net margin 5.7% · Return on equity −1.1% · Return on assets (EBIT) 5.1% · Operating margin 16.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 48% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 2% fair-value upside, at 37%, MSGYO screens cheaper than that median.
Fair Value models
Bear 6.69 TRYFair Value 6.69 TRYBull 6.69 TRY
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.0370 TRY per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+399.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+131.7%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+147.6%
Start year 2020 (pandemic). Over 10 years: +71.0% a year
Revenue growth 12 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+40.3%
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What shareholders gained per year (last 5 years), in TRY ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in TRY: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−12.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−12.1%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.46% → 37%
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.REIT - Diversified · 153 stocks
Beats the industry median on 5/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score35 · Bottom 25%
Fair Value upside+36.5% · Top 25%
Profitability
Return on assets4.1% · Top 25%
Net margin (TTM)−4.5% · Bottom 25%
Operating margin (TTM)16.7% · Below median
Growth and dividend
Revenue growth23.7% · Top 25%
Dividend yield (TTM)0.0% · Bottom 25%
Balance sheet
Debt / equity0.00× · Lowest 25%
Valuation Multiplesvs REIT - Diversified median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "MSGYO Fair Value". https://www.fairvalue-calculator.com/stock/MSGYO
Frequently asked questions
Is MSGYO overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of 6.69 TRY versus a price of 4.90 TRY, about +37% upside (undervalued).
What is the fair value of MSGYO?
Our model-based fair value for MSGYO is 6.69 TRY (as of Sep 27, 2026), built from audited fundamentals. The current price: 4.90 TRY.
What is the quality score of MSGYO?
MSGYO has a Quality Score of 35/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for MSGYO?
Our model-based price target is the fair value of 6.69 TRY (as of Sep 27, 2026) from 7 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the MSGYO stock forecast for 2026?
Our models put fair value at 6.69 TRY, about +37% upside versus a price of 4.90 TRY (undervalued). The calculation is refreshed regularly with new filings.
What is the revenue of MSGYO?
MSGYO reported trailing-twelve-month revenue of about 1.1B TRY (latest available figure, as of Sep 27, 2026).
What is the intrinsic value of MSGYO?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For MSGYO it is 6.69 TRY per share (as of Sep 27, 2026), against a price of 4.90 TRY. It is the blended result of 7 valuation models (cash flow, earnings, asset, dividend).
Is MSGYO stock overvalued or undervalued in 2026?
As of Sep 27, 2026, MSGYO trades below its calculated fair value: price 4.90 TRY, fair value 6.69 TRY, a gap of about +37% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of MSGYO?
No. The price is what the market pays today (4.90 TRY); the fair value is what the company's own numbers justify (6.69 TRY). For MSGYO the two are 1.79 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is MSGYO worth?
The market values MSGYO at about 2.2B TRY (market capitalisation, as of Sep 27, 2026). Per share that is 4.90 TRY; our models calculate a fair value of 6.69 TRY per share.
What is the P/E ratio of MSGYO?
MSGYO trades at a price-to-earnings ratio of 98.0 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 6.69 TRY is built from several models across several years. Other multiples: P/S 0.0.
How solid is the balance sheet of MSGYO?
Balance-sheet figures for MSGYO (as of Sep 27, 2026): return on equity −1.1%, debt of 0.00 per unit of equity. They feed the Quality Score of 35/100, which measures business quality independently of the share price.
How far is MSGYO from its 52-week high?
MSGYO trades at 4.90 TRY, about 48% below its 52-week high of 9.35 TRY and 1% above the low of 4.84 TRY (as of Sep 25, 2026). Distance from the high says nothing about value: that is what the fair value of 6.69 TRY is for.
Which stocks are comparable to MSGYO?
From the same area (Real Estate) we also value Goodman Group, VICI Properties Inc, W. P. Carey Inc, Stockland, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is MSGYO stock attractive at the current price?
The data as of Sep 27, 2026: price 4.90 TRY, calculated fair value 6.69 TRY (+37%), Quality Score 35/100, from 7 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of MSGYO calculated?
We run MSGYO through 7 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 6.69 TRY, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.9 % above its aggregate fair value. MSGYO currently trades 37 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of MSGYO?
The closing price on Sep 25, 2026 was 4.90 TRY. Our model-based fair value is 6.69 TRY, about +37% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with MSGYO right now?
The large discount to fair value meets weak quality (35/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (6.69 TRY). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of MSGYO
How large is the market capitalisation of MSGYO?
The market capitalisation of MSGYO is 2.2B TRY (≈ $46.0M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of MSGYO?
The price-to-sales ratio of MSGYO is 5.55 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of MSGYO?
Earnings per share at MSGYO are 0.0500 TRY (price ÷ EPS = P/E 98.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of MSGYO?
The net margin of MSGYO is 5.7% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of MSGYO?
The return on equity (ROE) of MSGYO is −1.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of MSGYO?
On an EBIT basis the return on assets of MSGYO is 5.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of MSGYO?
The operating margin of MSGYO is 16.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at MSGYO?
Revenue at MSGYO is growing +23.7% versus a year earlier (3y avg +132%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at MSGYO?
Earnings per share at MSGYO are growing −64.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does MSGYO generate?
The free cash flow of MSGYO is −385M TRY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does MSGYO carry?
The net debt of MSGYO is 930K TRY (fiscal year 2019). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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